\begin{table}[htbp]\centering \def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi} \caption{Dynamic Effect of Moderators on Improper Payment Rate. Dependent variable is improper payment rate as a percent of all payments.} \resizebox{\textwidth}{!}{ \begin{tabular}{l*{5}{c}} \toprule
                    &\multicolumn{2}{c}{Agency-level}           &\multicolumn{2}{c}{Program-level}          \\
                    &\multicolumn{1}{c}{(1)}         &\multicolumn{1}{c}{(2)}         &\multicolumn{1}{c}{(3)}         &\multicolumn{1}{c}{(4)}         \\
\midrule
Years Since Last Agency Hearing&      -0.087\sym{**} &       -0.14         &       -0.18\sym{***}&       0.052         \\
                    &     (0.040)         &      (0.11)         &     (0.056)         &      (0.12)         \\
\addlinespace
Years Since Last * Length of Hearing Transcripts, Fiscal Year of Last&     -0.0051         &                     &      0.0069         &                     \\
                    &    (0.0081)         &                     &     (0.013)         &                     \\
\addlinespace
Years Since Last * Number Agency Witnesses, Fiscal Year of Last&                     &       0.041         &                     &       -0.22\sym{**} \\
                    &                     &     (0.100)         &                     &      (0.10)         \\
\addlinespace
Agency Hearing      &       -1.25         &        0.47         &        2.95         &        0.82         \\
                    &      (1.85)         &      (0.58)         &      (2.24)         &      (1.00)         \\
\addlinespace
Length of Hearing Transcripts (log words), This Fiscal Year&        0.19         &                     &       -0.18         &                     \\
                    &      (0.19)         &                     &      (0.26)         &                     \\
\addlinespace
Number of Agency Witnesses, This Fiscal Year&                     &       0.092         &                     &        0.15         \\
                    &                     &      (0.20)         &                     &      (0.17)         \\
\addlinespace
Constant            &        4.93\sym{***}&        4.83\sym{***}&        5.65\sym{***}&        5.94\sym{***}\\
                    &      (0.28)         &      (0.26)         &      (0.50)         &      (0.47)         \\
\hline
Fiscal Year FE      &         Yes         &         Yes         &         Yes         &         Yes         \\
Agency/Program FE   &         Yes         &         Yes         &         Yes         &         Yes         \\
Observations        &         304         &         304         &        1289         &        1289         \\
\bottomrule \multicolumn{5}{l}{\footnotesize Standard errors in parentheses; clustered on agency-year for program-level analysis.}\\ \multicolumn{4}{l}{\footnotesize \sym{**} \(p<0.05\), \sym{***} \(p<0.01\)}\\ \end{tabular} } \\ \label{tab:moderatorsdyn} \end{table}
